• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Tuesday, September 16, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home News

General Motors closes China plant, pivots to luxury amid $4bn restructuring

Michael Olabode Williams by Michael Olabode Williams
February 22, 2025
in News
0
General Motors (GM)
985
SHARES
11.2k
VIEWS
Share on FacebookShare on Twitter

General Motors is shutting down its Shenyang factory, a key production hub for the Buick GL8 minivan and Chevrolet Tracker SUV. The move marks a shift in strategy as China’s homegrown automakers gain ground, fueled by government incentives and a booming EV market.

The restructuring comes with a hefty price tag. GM reported $4 billion in charges linked to its China operations in Q4 2024, including factory shutdowns. Still, the company posted positive equity income before restructuring costs, hinting at resilience despite the market shift.

READ ALSO

Car buyers urged to act fast as tariffs, tight supply push prices near $53,000

Ford to cut 1,000 Jobs in Cologne as Europe’s EV demand slows

GM now aims to double down on premium brands like Cadillac and Buick, targeting affluent Chinese buyers. “These are vehicles that are very desirable for certain Chinese consumers, that we can bring in and have a very successful business,” said CEO Mary Barra at a New York conference last week.

A Shift in Strategy

China, once a goldmine for global automakers, has become increasingly competitive. Local brands like BYD and Nio, bolstered by strong government support, now dominate the EV market, leaving traditional players scrambling to adapt. GM’s long-standing partnership with SAIC Motors will continue, but its focus is shifting.

Instead of competing head-on with budget-friendly Chinese EVs, GM is leaning into its high-end portfolio. Cadillac, Buick, and premium imports will now take center stage, a strategy that mirrors its approach in Europe.

Read more on GM ends $10bn Cruise Robotaxi business dream, shifts focus to core operations

Tags: ChinaChinese EVsGeneral Motors

Related Posts

China car export
News

Car buyers urged to act fast as tariffs, tight supply push prices near $53,000

September 16, 2025
Ford Motor Electric vehicles
Electric Vehicles

Ford to cut 1,000 Jobs in Cologne as Europe’s EV demand slows

September 16, 2025
2016 Toyota Camry
News

Car ownership: Top five luxury cars under ₦20m you can buy in Nigeria

September 16, 2025
Carloha Cherry Tiggo 9
Business

Carloha unveils Chery Tiggo 9 with 6-6-7 care package for Nigerians

September 16, 2025
Russia and China barter
Business

Russia swaps wheat for cars as sanctions revive barter trade

September 15, 2025
Red Bull’s Verstappen breaks F1 speed record with fastest lap in history
News

Red Bull’s Verstappen breaks F1 speed record with fastest lap in history

September 7, 2025
Next Post
Morocco EV factory

Morocco sets bold course to lead green mobility revolution in Africa

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Airplane on Airport runway

Nigeria clears over $800m in blocked airline funds

June 5, 2024
Tesla car sales in France

New car registrations fall 7.66% in France, Tesla sales hit hardest

August 1, 2025
Airbus

Airbus boosts profits in 2024 as deliveries climb, expanding lead over Boeing

February 27, 2025
hands free driving cars

Explainer: ADAS, the technology Tesla, Audi, others use to make driving safer for everyone

April 10, 2023

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • More than 100 million Americans are trapped in $1.6trn car debt, larger than Saudi Arabia’s economy
  • Car buyers urged to act fast as tariffs, tight supply push prices near $53,000
  • Ford to cut 1,000 Jobs in Cologne as Europe’s EV demand slows
  • Car ownership: Top five luxury cars under ₦20m you can buy in Nigeria

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In